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                                                                      Exhibit 10


                    NAVISTAR FINANCIAL SECURITIES CORPORATION


                               MATERIAL CONTRACTS

     The  following  material   contracts  of  Navistar   Financial   Securities
Corporation are incorporated herein by reference:

10.1   Pooling  and  Servicing  Agreement  dated as of  December  1, 1990  among
       Navistar   Financial   Corporation,   as  Servicer,   Navistar  Financial
       Securities Corporation, as Seller, and The Chase Manhattan Bank (survivor
       in the merger  between The Chase  Manhattan  Bank and Chemical Bank which
       was the survivor in the merger  between  Chemical Bank and  Manufacturers
       Hanover Trust Company), as Trustee. Filed on Registration No. 33-36767.

10.2   Purchase  Agreement  dated  as  of  December  1,  1990  between  Navistar
       Financial Corporation and Navistar Financial Securities  Corporation,  as
       Purchaser,  with  respect  to  the  Dealer  Note  Trust  1990.  Filed  on
       Registration No. 33-36767.

10.3   Pooling and Servicing  Agreement dated as of June 8, 1995, among Navistar
       Financial  Corporation,   as  Servicer,   Navistar  Financial  Securities
       Corporation,  as Seller, The Chase Manhattan Bank (survivor in the merger
       between The Chase Manhattan Bank and Chemical Bank which was the survivor
       in the merger  between  Chemical  Bank and  Manufacturers  Hanover  Trust
       Company),  as 1990  Trust  Trustee,  and The Bank of New York,  as Master
       Trust Trustee. Filed on Registration No. 33-87374.

10.4   Series 1995-1 Supplement to the Pooling and Servicing  Agreement dated as
       of June 8, 1995,  among  Navistar  Financial  Corporation,  as  Servicer,
       Navistar Financial Securities Corporation, as Seller, and The Bank of New
       York, as Master Trust Trustee on behalf of the Series 1995-1 Certificate-
       holders. Filed on Registration No. 33-87374.

10.5   Class A-4  Supplement to the 1990 Pooling and Servicing  Agreement  dated
       June 8, 1995, among Navistar Financial Corporation, as Servicer, Navistar
       Financial Securities Corporation, as Seller, and The Chase Manhattan Bank
       (survivor  in the merger  between The Chase  Manhattan  Bank and Chemical
       Bank which was the  survivor  in the  merger  between  Chemical  Bank and
       Manufacturers Hanover Trust Company), as Trustee.
       Filed on Registration No. 33-87374.

10.6   Purchase  Agreement dated as of June 8, 1995,  between Navistar Financial
       Corporation and Navistar Financial Securities Corporation,  as Purchaser,
       with respect to the Dealer Note Master Trust. Filed on Registration No.
       33-87374.


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                                                                      Exhibit 10


                    NAVISTAR FINANCIAL SECURITIES CORPORATION


                               MATERIAL CONTRACTS


10.7   Series 1997-1 Supplement to the Pooling and Servicing  Agreement dated as
       of August 19, 1997, among Navistar  Financial  Corporation,  as Servicer,
       Navistar Financial Securities Corporation, as Seller, and The Bank of New
       York,   as  Master  Trust   Trustee  on  behalf  of  the  Series   1997-1
       Certificateholders. Filed on Registration No. 333-30737.

10.8   Class A-5  Supplement to the 1990 Pooling and Servicing  Agreement  dated
       August 19,  1997,  among  Navistar  Financial  Corporation,  as Servicer,
       Navistar  Financial  Securities  Corporation,  as  Seller,  and The Chase
       Manhattan Bank  (survivor in the merger between The Chase  Manhattan Bank
       and Chemical Bank which was the survivor in the merger  between  Chemical
       Bank and  Manufacturers  Hanover  Trust  Company),  as Trustee.  Filed on
       Registration No. 333-30737.

10.9   Series 1998-1 Supplement to the Pooling and Servicing  Agreement dated as
       of July 17, 1998,  among  Navistar  Financial  Corporation,  as Servicer,
       Navistar Financial Securities Corporation, as Seller, and The Bank of New
       York, as Master Trust Trustee on behalf of the Series 1998-1 Certificate-
       holders. Filed on Registration No. 333-30737.

10.10  Class A-6  Supplement to the 1990 Pooling and Servicing  Agreement  dated
       July  17,  1998,  among  Navistar  Financial  Corporation,  as  Servicer,
       Navistar  Financial  Securities  Corporation,  as  Seller,  and The Chase
       Manhattan Bank  (survivor in the merger between The Chase  Manhattan Bank
       and Chemical Bank which was the survivor in the merger  between  Chemical
       Bank and  Manufacturers  Hanover  Trust  Company),  as Trustee.  Filed on
       Registration No. 333-30737.